MSCI's broadest index of Asia-Pacific shares outside Japan dropped 1.2%
The tit-for-tat trade row between the world's top two economies has left investors fearing that demand for industrial metals will soften.
Spot gold was up 0.2% at $1,195.27 an ounce
Saudi extends losses on emerging market turbulence
Oil prices dropped on Wednesday as the impact of the storm in the U.S. Gulf Coast that was anticipated on Tuesday was not as strong as initially expected. Global markets kept trading lower due to trade tensions. More commentary on Middle East markets, currencies and precious metals.
Spot gold was little changed at $1,191.45%